Bear Market almost ready to resume. .....

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Option_Attack said:
No doubt. Running $100 million fund (or whatever). Exotic girlfriends all over the world. Etc,etc, etc...

Hmmm...futures rallying again. The bull market keeps truckin'? Maybe this "exile" by ET cops is just a little too convenient? :D
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Time to make those Fibo lines thickrrrr.
 
Would anyone like to sum up what happened to this fellow Fibo? I understand there is so some emotional turmoil going on but the thread is 86 PAGES long for god's sakes. I'll need a morning of coffee and biscuits to just get through it. :D
 
Woodrow97 said:
Would anyone like to sum up what happened to this fellow Fibo? I understand there is so some emotional turmoil going on but the thread is 86 PAGES long for god's sakes. I'll need a morning of coffee and biscuits to just get through it. :D
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@fibo_trader is down 200 SPX (20 SPY) with his short adds. The embarrassment of losing 10 handles, without the adds, ostensibly not impacting his drivel elsewhere on this site.

Apply hoohaa fibonacci shit -> add RSI bc well, MAGIC! -> lose sim-monies om nom nom -> draw thicker lines -> lose more money -> kill oneself

But who would've thought that a guy applying some nonsense fibo-shit and some canned indicators would fail?
 
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Woodrow97 said:
Would anyone like to sum up what happened to this fellow Fibo? I understand there is so some emotional turmoil going on but the thread is 86 PAGES long for god's sakes. I'll need a morning of coffee and biscuits to just get through it. :D
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He said market was going down. I said “hogwash”. Market is going up.

Market went up. I asked how many sets of his fib lines he went through as he keep adding to his fib losses. Eventually he will be right. The market will go down but for now he is very quiet and not so bragadocious.....
 
Initial entry: $4.83M @ $279.2 (17,300 shares)
2nd entry: $550K @ $280.54 (1,960 shares)
3rd entry: $550K @ $280.57 (1,960 shares)
4th entry: $550K @ $284.75 (1931 shares)
5th entry: $550K @ $286.09 (1922 shares)

Total lost as of close today: $205,662.78

Entertaining thread. That's a lot of fake money to lose. ;)
 
LS1Z28 said:
Initial entry: $4.83M @ $279.2 (17,300 shares)
2nd entry: $550K @ $280.54 (1,960 shares)
3rd entry: $550K @ $280.57 (1,960 shares)
4th entry: $550K @ $284.75 (1931 shares)
5th entry: $550K @ $286.09 (1922 shares)

Total lost as of close today: $205,662.78

Entertaining thread. That's a lot of fake money to lose. ;)
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Hey, it ain't lost until he closes the trades. Here LS, have a sim beer, on me. It's free. ROFL.
 
In case any newer ETers think that all we do here is run down someone who makes a wrong call, au contraire. But when you come here and proclaim you are the world's best trader and everybody else is an idiot, you are going to get some criticism. Me? Hell, I admit it I'm just an amateur trading not much money nowadays. But I have been trading stocks and options since '99. Mostly profitably! :banghead:

Good trading to all. :)
 
This is how I would trade years ago.
I would use Fibonacci numbers thinking even sea shell would 'obey' Fibo.

- around Jan 19, short ES @2630 as there bunch of fibo lines over there
- around Feb 19, short more ES @2700
- around Mar 19, short even more ES @2810

The best time to short ES was actually Oct 18.
Timing ( ie early entry ) is very important.




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maxinger said:
This is how I would trade years ago.
I would use Fibonacci numbers thinking even sea shell would 'obey' Fibo.

- around Jan 19, short ES @2630 as there bunch of fibo lines over there
- around Feb 19, short more ES @2700
- around Mar 19, short even more ES @2810

The best time to short ES was actually Oct 18.
Timing ( ie early entry ) is very important.




View attachment 200276
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One could be short the market the entire time during these rallies and make money. I've done it before, by constantly trading in and out and fading the daily bearish sell offs, never holding overnight no matter the loss as the vast majority of risk premium comes from that period. I was probably wrong on the trend every single day for a month or so, but I was profitable.

The point is, it's a terrible idea to look at price level and holding period alone to judge whether a strategy is good or not.
 
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